Ann: Senex FY 16 Half Year Results Presentation, page-2

There is nothing much that we did not expect in this report. But one thing I am pleased by is the ability to reduce CAPEX and come out the other end with 5.2M NPAT! Albeit reducing CAPEX has reduced wells coming online and therefore reduced production.

Interesting to note SXY have looked into hedging FY17 but decided against it. Still a lot of uncertainty in the world at the moment @CEOChair @eshmun @tui, I do read your contributions, however do not have the knowledge to add any value in these discussions... But I can talk HY reports! Cash of $99.6M and a 100% undrawn bank facility of $77M... trading at almost cash backing, with 2H16 most likely cash flow neutral, SXY are positioned well in oil and even better in meeting the EC gas demand. A SPECULATIVE buy at these levels any day of the week